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201201398
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3/19/2012 3:44:23 PM
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2/24/2012 8:37:38 AM
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DEEDS
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201201398
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2a�2013�u <br />sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous <br />Substances that aze generally recognized to be appropriate to normal residential uses and to maintenance of <br />the Property (including, but not limited to, hazardous substances in consumer products). <br />Bonower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other <br />acrion by any governmental or regulatory agency or private pariy involving the Property and any Hazardous <br />Substance or Environmental Law of which Bonower has actual knowledge, (b) any Environmental <br />Condition, including but not limited to, any spilling, leaking, dischazge, release or threat of release of any <br />Hazardous Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substance <br />which adversely affects the value of the Property. If Bonower learns, or is notified by any governmental or <br />regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance <br />affecting the Property is necessary, Bonower sha11 promptly take all necessary remedial actions in <br />accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an <br />Environmental Cleanup. <br />Non-Uniform Covenants. Bonower and Lender covenant and agree as follows: <br />?2. Acceteration; Remedies. Lender shail give notice to Borrower prior to acxeleration following <br />Borrower's breach of any covenant or agreement in this Security Instrument (but aot prior to <br />accetera�ion under Section l8 unl� Agplicable Law provi�des ott�erwise). T6e notice shall specify: (a) <br />the defa�t; (b) the action required to cure the defa�it; (c) a date, not Eess than 30 days from the date <br />the no�ice is given to Borrower, by which the default must Ue eured; and (d) that faiture to cure the <br />defauit on ar before t6e date specified in the notice may resutt in accelerdtion of the sums secured by <br />this Security ��ent �nd sale oi the Pcoperty. The no�ice shail further inform Borrower of the <br />rigbt to re.�state a�r acceleration and tbe rig6t to hrimg a cot�rt action to assert the non-e�stence of a <br />default or any oth�r defense of Bosrnwer to acceleration and sate. Ig the defautt is �t cured on or <br />befer� 4�se date s�fned in �e mame„ Lender at its o�n �ay require immediate payment in fiill of <br />all suffi,s secw�d 6y tt�is Sec�rity I�,tr�ment vrit�out fiart�r de�nand asd may �nvoke t6e perwer of sale <br />aa� sny other remedies pennitted by Applicable Law. Leader sha{t be entitled to co�lect all eatpe�ses <br />incun�ed in gursning tiie retnedies pre►vided in this 5ection 22, including, but not limited to, reasonable <br />aLtorneys' f�s and costs of title evidence. <br />If the power of sate i� invoked, Ta� sh�tl record a notice of default in each couaty in wluch any <br />pact of � Property is located an� sZiatt mail copies oS sucT� m�tice in the mann�r prc5cribed by <br />Agplicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time <br />required by Applicable Law, Trustee shatl give public notice of saie to the persons and in the manner <br />prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at public <br />auction to the highest bidder at the time and place and under the terms designated in the notice of sale <br />in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any <br />parcel of the Property by public annoe�ncement at the time and place of any previously scheduled sale. <br />Lender or its d�ignee may purchase the Property at any sa1e. <br />Upon r�eipt of payment of the price bid, Trust� shall deliver to the purchaser Trustee's deed <br />conveying the Property. The recitals in the Trustee's dced shall be prima facie evidence of the truth of <br />the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to <br />all c�sts and expenses of exercising the power of sale, and the sale, including the payment of the <br />Trustee's fces actually incurred and reasonable attorneys' f�s as permitted by Applicable Law; (b) to <br />all sums s�ured by this 5ecurity Instrument; and (c) any excess to the person or persons legally <br />entitled to it. <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />VMP Q VMP6INE1 (1105) <br />Wolters Kluwer Financial Services Page 14 of 17 <br />
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